OCA - Oceania Group - retirement villages

[Beagle]

You are right to be concerned about that and I am too to the point where I have raised the issue about pricing several times with Earl since November 2020, most emphatically as recently as last week. My message seems to keep falling on deaf ears. He doesn't seem to have the confidence to price the units in line with house price increases despite very strong sales being reported recently. I note ARV's approach in their recent newsletter is very different.

The plain fact of the matter is you can talk about growth, business model transition, the point of inflection and other nice ESG carbon neutral B.S. aspirations until you are blue in the face but underlying earnings have not grown under Earl's leadership whereas wages costs have grown dramatically. I also raised that point with him last week. Seeing as costs have risen so dramatically pricing MUST go up by a commensurate amount, that was the main message in my email.

[bull....]

1.30 was a previous support level.

[winner69]

You are right to be concerned about that and I am too to the point where I have raised the issue about pricing several times with Earl since November 2020, most emphatically as recently as last week. My message seems to keep falling on deaf ears. He doesn't seem to have the confidence to price the units in line with house price increases despite very strong sales being reported recently. I note ARV's approach in their recent newsletter is very different.

The plain fact of the matter is you can talk about growth, business model transition, the point of inflection and other nice ESG carbon neutral B.S. aspirations until you are blue in the face but underlying earnings have not grown under Earl's leadership whereas wages costs have grown dramatically. I also raised that point with him last week. Seeing as costs have risen so dramatically pricing MUST go up by a commensurate amount, that was the main message in my email.

Many have said nice things about Earl and heaped praise upon over the years ....but his halo sure has lost its glow ..... and it seems good riddance to him (and good luck to Metlife). And Beagle even you have defended him when I've regularly called him pretty useless)

Oh well ....hopefully the days of selling heaps more things and making less are past us

But I still we have been conned by their strategy and the excitment of inflection points and all that crap.

[Beagle]

Many have said nice things about Earl and heaped praise upon over the years ....but his halo sure has lost its glow ..... and it seems good riddance to him is (and good luck to Metlife). And Beagle even you have defended him when I've regularly called him pretty useless

Oh well ....hopefully the days of selling heaps more things and making less are past us

But I still we have been conned by their strategy and the excitment of inflection points and all that crap.

He's a nice guy...probably too nice but I have been most underwhelmed by his lack of action on the pricing front. Even as recently as last week his response to me indicated he still didn't get it.
Nothing like a highly experienced investment banker taking over, (worked an absolute treat for SUM). They see the big picture and know its all about getting revenue to translate to the bottom line and that involves heaps of discipline around cost control.

I think their business transformation approach is sound, as is their business model. We just need a leader to take a more focused commercial approach.

[winner69]

1.30 was a previous support level.

And with a book value of 1.04 its trading at 1.4 times book value

The rerating unwinding .... back to around 1.2 book value gives 1.25/1.30

so 1.30 - spooky eh

and below 100MA

[peat]

It's a shame that any image uploaded to this site gets reduced to miniscule size

he is saying it will test 1.30

[Beagle]

And with a book value of 1.04 its trading at 1.4 times book value

The rerating unwinding .... back to around 1.2 book value gives 1.25/1.30

so 1.30 - spooky eh

and below 100MA

I would definitely buy quite a lot more at $1.30...anyone wanting to unload a bundle at that price please PM me immediately

[bottomfeeder]

I bought a few more at $1.37. I am looking at a long term view. I have progressively larger orders in at $1.30 and $1.25. The next CEO will be better.

[BlackPeter]

I bought a few more at $1.37. I am looking at a long term view. I have progressively larger orders in at $1.30 and $1.25. The next CEO will be better.

Don't tell that Metlifecare :

[daveypnz]

Yeah pretty much how I see it too. If he wants to sell his soul for 30 pieces of silver and go and work for the Swedes who strong armed the MET board using shyster tactics, good riddance. You don't get to be director of investment banking at Jarden without a huge skillset and being a great leader so I feel we're in very good hands with Brent Pattison and only a matter of time before the board ratifies his acting role as being permanent.

The market hates surprises like this so hence the share price reaction. Opportunity knocks for those that are prepared to look through the way we've all been sold out and stick to investing for the strong growth in the years ahead. Maybe another day or two of share price weakness, maybe not, and then the market starts to think about the fresh perspective and approach the vastly experienced Brent Pattison will bring to the table as well as the value on the table with the shares trading at only a small premium over 30/11/2020 NAV of $1.24, (perhaps 31/03/2021 NAV is somewhere in the low $1.30's ?)..so really with the shares where they are...any further weakness is quite an opportunity especially for anyone focused on the long term. That's my 2 cents worth after reflecting on it for a while...

Isn't this what a2 shareholders have been saying about their stock?